With the turning of the calendar from 2021 to 2022 new Fannie Mae lending guidelines become effective on January 1, 2022. One of the new lending guidelines includes a prohibition on the purchase of loans in communities with significant deferred maintenance or unsafe conditions. These new guidelines are a direct result of the Surfside tragedyGo to Article
Shareholder in Charge of Finance
David A. Firmin is the Shareholder in Charge of Finance at Altitude Community Law. David is a longtime resident of Colorado having moved to Littleton when he was 6 years of age. David stayed in the area attending the University of Denver for both undergraduate and law school. Out of law school, David’s legal work concentrated on real estate law and development issues including formation and creation of homeowners associations. Prior to entering the Homeowners association world, David worked with Ryland Homes and K. Hovnanian Homes handling land acquisitions, land entitlements, corporate governance and special districts. David has also worked with the Wheat Ridge Housing Authority and the Douglas County Housing Partnership setting up homeowner associations for income qualified housing developments. An active volunteer with the Community Association Institute, David has served on the CAI-RMC Spring Showcase Committee, Mountain Conference Committee and is a member of the Colorado Legislative Action Committee. He has also been a frequent presenter for CAI at both a local and national level, presents for HOA Leader on nationwide topics and is recognized as an industry leader. In his spare time, David enjoys hiking, snow shoeing and traveling both locally and worldwide.